Rivers State Governor, Nyesom Ezenwo Wike has disclosed that the Rivers State Government has fully acquired Shell Petroleum Development Company of Nigeria, SPDC’s, 45% interest in Oil Mining Lease (OML) 11 situated in Ejama Ebubu community in Eleme Local Government Area and the adjoining Ogoni and other communities of the state. When contacted, the spokesman…
The Council of Ethnic Youth Leaders of Nigeria has filed a suit at the Federal High Court Abuja against Shell Petroleum Development Company over alleged missing N5trn oil revenue. The group, in the suit, alleged that Nigeria has lost huge revenue due to what it described as “illicit activities of Shell at the Forcados and…
Rivers State Governor, Nyesom Ezenwo Wike, has charged oil companies operating in the state, to respect the memorandum of understanding signed with host communities, to ensure peaceful and productive operations. The Governor gave the charge during a courtesy visit by the Minister of State for Petroleum Resources, Chief Timipre Sylva, the Group Managing Director of Nigerian…
Petrochina said on Sunday that certified, newly added proven shale gas geological reserves at Changning-Weiyuan and Taiyang blocks in the Sichuan basin totaled 740.97 billion cubic metres. China’s state-run energy producers are raising spending on domestic oil and gas drilling to a multi-year high this year, answering Beijing’s call to boost energy supply security as…
Total said it closed the acquisition of Anadarko’s 26.5 per cent operated interest in the Mozambique LNG project for US$3.9 billion. This follows Total reached a binding agreement with Occidental in May this year to acquire Anadarko’s assets in Africa (Mozambique, Algeria, Ghana and South Africa) and signed the subsequent Purchase and Sale Agreement in…
Saudi Aramco, the state energy firm of Saudi Arabia, plans to pay a base dividend of US$75 billion in 2020, it said in a corporate overview as it prepares for an initial public offering (IPO). The energy giant plans to list about 5 per cent of the company as early as next year in the…
EnerMech, the global provider of integrated services, has announced a key appointment as part of its next phase of growth, with Alex Goude joining the company as business development director for Europe. Alex’s focus will be on leveraging EnerMech’s engineering expertise to expand the company’s position in the energy and infrastructure markets across the region….
The Bahrain Petroleuem Company (Bapco), operates a 267,000 BPD crude refinery in Sitra, Bahrain and is currently undertaking a multi-billion dollar refinery Modernisation Programme (BMP) which is the largest capital investment project in Bapco’s 90-year history and one of the largest capital projects in the Kingdom of Bahrain’s history. Mark Jones, the company’s superintendent for…
As ever, Africa Oil Week will be the place for major national roadshows in the oil & gas sphere. 30 ministries are taking part this year, with over 20 presenting. This is the best chance to get insider knowledge on key opportunities, legislation changes, bidding rounds and more – direct from the companies and…
The Independent Petroleum Marketers Association (IPMAN) has backed the decision of the Nigerian National Petroleum Corporation (NNPC) not to allocate petroleum products to depot owners who failed to settle debts owed Petroleum Equalisation Fund (PEF). Alhaji Bashir Danmalam, the IPMAN Chairman, North west zone, said on Sunday while speaking to newsmen in Kano. He said,…
